Yea, he’s just seems to be very transparent in his trading. You see he loses a good bit too and just helps knowing that’s part of it.
I don’t know too much about him yet but he seems like a F’ing trail blazer! Providing so much knowledge for free. I’m going to get his book when it comes out too
Alg262 specifically, but any others please comment also.
Do you take any consideration of the opening sessions when trading?
I mean, the first 30mins of Tokyo open, the first 30mins of Euro open, and also the New York open?
Especially if you’'re trading 4hrs, you might miss some moves, or maybe the big move is contained within the 4hr bar??
Just wondering whether trades taken at structurally volatile times give an edge to possible direction for rest of session.
I am gravitating to only taking trades with respect to opening volatility, and treating other moves as noise?
Does this sound logical?
I am going to practice no-indicators on the 1hr I think, to get a feel of this.
Most of the time my trades are open between 16-36 hours so the open volatility doesn’t play a role in how I trade.
And there are times I miss a better entry waiting on a 4HR candle to close due to a big move being inside of that candle, just how it goes. I know I can’t catch every single one of those moves. Like a few weeks ago when I said I was switching to looking at entries on a 1HR chart but still trade off the 4HR. I ended up not liking the added risk I was taking on of getting in a fake out, compared to the few more dollars I would make by getting in a little earlier.
I think your idea of playing the open of each session is suited better for a 1HR chart and below since you’re looking to ride that momentum. And I wouldn’t say it’s a tip off on the direction of the overall day though, just take a look at the chart and see how often it changes from your the opening part of the session.
My personal experience is I’m still not very good at trading on 1HR chart, every time I backtest (which I do a chart replay so I don’t know what’s coming) I struggle pretty bad. Now that certainly doesn’t mean you can’t, just I’m not that good at it at the moment. But I don’t have an interest in going down a timeframe either.
I do believe the lower the timeframe the smaller your TP and SL need to be and if you mark support and resistance on those time frames be prepared for them to be broken a good bit. Not a bad thing just be ready to react to it.
Here is my weekly roundup post. Was a tough week, realized by Tuesday I really wasn’t into it. So I took the rest of this week off but will be back at it come Sunday evening. Just got to know when to take some time away. Rough week, but how it is at times.
EURAUD
EURNZD
GBPCAD
GBPCHF
USDCHF
Journal
Majors/ Minors
Indices
Graphs
Here are the monthly totals for November.
Really loving Tom’s webinars ALG! Thanks for introducing me to this fella. Where’d you find him?
oh ok, gotcha. nice. plan to continue going through his vids. awesome guy
thats my favorite exotic pair 
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I don’t see the trigger for a short on the 4hr.
(maybe the previous High at this level on Sep 20?)
I would be looking for a Lower High before considering a short, maybe at 1.2740 level?
I can see the short on a lower TF, such as 30mins.
i was just posting the 4hr chart bc thats what ALG requests. look at Daily chart and you’ll see all of that Res
ok. yes, I see it on the daily.
I was looking for a Pin or an EG.
But, yes, the price seemed to be constricting at that level.
Good trade if you took a bite out of that.
i didn’t. so mad i didnt bro. f*ck!!! wouldve been a great short. its due for a bounce soon tho so im staying out
nice bud. GBPCAD is very weak too, check it out
